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Principal repayments of central government external debt

Quarterly Central government debt disbursed and debt service › Debt serviceQuarterlyUS dollarsPart of Debt service of central government external debt

Latest
US$509.2m
Q2 2026
On a year earlier
+5,096.8%
same period last year
2026 to date
US$575.4m
+263.3% on the same stretch of 2025

The whole record

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Source: Ministry of Finance and Planning, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is US$509.2 million for Q2 2026, up 5,096.8% on the same quarter a year earlier.
  • In the first 2 quarters of 2026 the total was US$575.4 million, up 263.3% on the same stretch of 2025.
  • Over the latest 12 months it came to US$652.5 million, up 194.7% on the 12 months before.
  • The change on a year earlier averaged +2,520.6% over the last two quarters, against +9.9% in the two quarters before: the year-on-year pace has picked up.
  • That annual change is unusual by the standard of the past ten years: 58.1 standard deviations above the average.

Long term

The record as a whole
  • The latest figure (12-month total) is the highest on record.
  • The past five years include an exceptional swing in the annual growth rate, so no typical range is quoted.
  • There is a regular seasonal pattern: over the last 5 full years the high point has been the first quarter and the low point the fourth quarter. Compare each quarter with the same one a year earlier, not with the one before.

How to read this series

External debt. What the government, the borrowers it guarantees and the banks owe to foreign creditors, and what the government pays each period in principal and interest. Debt service is the call on foreign currency that reserves and export earnings have to meet.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A flow: it measures activity during each quarter, and quarters add up to an annual total.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

MMA’s note: Repayment of principal amount of external loan

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of Principal repayments of central government external debt
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202623 Aug 2026Q1 2021 – Q2 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of Principal repayments of central government external debt
Q2 2026US$509.2 million+5,096.8%
Q1 2026US$66.1 million−55.5%
Q4 2025US$10.8 million−10.3%
Q3 2025US$66.4 million+30.1%
Q2 2025US$9.8 million+1.5%
Q1 2025US$148.6 million+238.9%
Q4 2024US$12 million+7.5%
Q3 2024US$51 million+19.1%
Q2 2024US$9.7 million−12.6%
Q1 2024US$43.8 million+2.3%
Q4 2023US$11.2 million+12.2%
Q3 2023US$42.8 million+5.2%
Q2 2023US$11 million−83.5%
Q1 2023US$42.8 million+5.7%
Q4 2022US$10 million−8.2%
Q3 2022US$40.7 million+98.9%
Q2 2022US$66.9 million−67.1%
Q1 2022US$40.5 million+219.5%
Q4 2021US$10.9 million—
Q3 2021US$20.5 million—
Q2 2021US$203.1 million—
Q1 2021US$12.7 million—

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 5225
MMA table
External Sector › External Debt and Debt Service › Quarterly Central government debt disbursed and debt service › Debt service
Coverage
Q1 2021 to Q2 2026 · 22 observations
MMA updated
23 Aug 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.